6424 Cates Avenue, St Louis

$549,000

0 Beds
0 Baths
.12 Acres
0 Garages

Wonderful opportunity to invest in a turnkey 4-unit apartment building right in the heart of the booming Delmar Loop

Offered at an 8.52% Cap Rate return, 6424 Cates Ave boasts $1,295/rents on all four units, fully leased through May 2021! Great updates throughout, almost all PVC plumbing and copper supply, updated electric panels, tile flooring in kitchens, updated bathrooms and kitchens -- no need for any major updates to achieve great cash-flows for years to come. Full Roof Repair undertaken in 2018, new vinyl windows everywhere. These sizeable two-bedroom units have sun rooms often used as third bedrooms. Fenced-in backyard, and four spots of off-street parking.

With all the continual development in the Delmar Loop, and nearby Washing University, this neighborhood has performed incredibly for investors for the, and is poised tremendously for future growth.

Invest today before it's gone!

Essential Information
MLS® #20013007
Price$549,000
Acres0.12
Year Built1925
TypeResidential Income
Sub-TypeMulti-Family 2-4
StatusActive
Community Information
Address6424 Cates Avenue
AreaUniversity City
SubdivisionNorth Parkview
CitySt Louis
CountySt Louis
StateMO
Zip Code63130
School Information
DistrictUniversity City
ElementaryFlynn Park Elem.
MiddleBrittany Woods
HighUniversity City Sr. High
Additional Information
Date ListedFebruary 29th, 2020
Days on Market89
Listing Details
OfficeEvan Kuhn, Broker
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